Stocks traded higher on Thursday morning in the middle of another volatile week. What we keep seeing is that investors will step up and buy value stocks and overlooked stocks on the dips. 24/7 Wall St. uses each morning to review dozens of analyst reports to find new investment and trading ideas. Some analyst research reports cover stocks to buy, while others cover stocks to sell or to avoid.
These are this Thursday’s top analyst upgrades and downgrades featured by 24/7 Wall St.
Alibaba Group Holding Ltd. (NYSE: BABA) was started with an Overweight rating with a $107 price target (versus a $91.63 close) at Barclays.
Angie’s List Inc. (NASDAQ: ANGI) has seen multiple downgrades after ad growth and renewal rates slowed in the earnings report. The reviews site was downgraded to Hold at Wunderlich, to Underperform at Raymond James and to Neutral at Piper Jaffray.
AT&T Inc. (NYSE: T) was maintained as Hold at Canaccord Genuity, with estimates being lowered. Oppenheimer maintained its Outperform rating but lowered its price target to $38 from $42 in the call.
Boeing Co. (NYSE: BA) was downgraded to Neutral from Outperform at Credit Suisse. Sterne Agee maintained its Buy rating on Wednesday with earnings. Wells Fargo maintained its Outperform rating, but it lowered its price target range to $139.00 to $143.00 from the prior range of $143.00 to $147.00.
Yelp Inc. (NYSE: YELP) was indicated down 11% at $62.50 or so after guidance was weak, but it was raised to Buy from Neutral at B. Riley and downgraded to Hold from Buy at Stifel. Sterne Agee raised its estimates and maintained as Buy with an $85 price target, while Oppenheimer reduced its price target to $83 but maintained an Outperform rating and Credit Suisse maintained an Outperform rating and $85 price target.
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